Media

Dubai-based property developer Shaikhani Group has announced the delivery of the AED 150 million Champion Tower I in Dubai Sports City as it starts the handover process to buyers. The project hosts 135 residential units and residents are expected to start moving in a few days’ time.

Dubai-based developer starts delivering 135 residential units in the new year, adding to the 224 units delivered in 2016 as the company pushes ahead with its current project portfolio of 21 projects worth Dh3.5 billion

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Dubai is an oasis of pure innovation, led by the authentic revolutionary vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Dubai aims to become the most innovative city by 2021.

Dubai saw property deals worth Dh259 billion in 2016, latest data shared by the Dubai Land Department (DLD) shows. Even as this marks a modest decline of 2.99 per cent over the Dh267 billion worth of transactions conducted in the emirate in 2015, it is still more than the GDP of 122 countries (including some regional countries like Oman, Lebanon, Jordan and Bahrain, among others).

Mahmood Abu Baker Shaikhani, managing director of Shaikhani Group, said: “Our success in sales activities is due to a strong teamwork and customer-centric approach that helped customers to buy properties from us and we are glad to have delivered 224 units in a single year.

“The strong delivery track record in 2016 – that has helped boost our credibility as a developer amongst the buyers and investors. A developer’s credibility is built on how efficiently he delivers the project and the quality of the finishing – that’s all matters to the end-users. I’m glad that the customers have retained their faith in our company and we have continued our development and delivery business amid tough market conditions.”

Dubai-based developer launched Dh220 million project, Gardenia Residency, part of a Dh3.5 billion project portfolio that are in various stages of execution, as it continues handover of properties to buyers

Dubai-based Shaikhani Group, which traces its origins in Pakistan, has started delivering part of the six projects including five residential towers and a commercial project that includes 1,250 apartments with a development value exceeding Dhs1.5 billion in Dubai.

Smaller residential units are selling faster than the larger family homes, according to the latest sales trend witnessed by the major developers as well as the industry observers. Smaller units also yield higher rental income per square feet for home-owners and investors who see a faster return on investment, compared to larger units.

RWI, a manufacturer of closed-cell rubber insulation Gulf-O-flex in the Gulf and South East Asia and part of the international business conglomerate, the Shaikhani Group of Companies, said the expansion will triple the manufacturer's production capacity within the first quarter of 2017 to account for increased prospects for the manufacturing sector.

Dubai-based Shaikhani Group has named Alan James Gammon as its new Chief Operating Officer (COO), a move that intensifiesits commitment to execute Dh3.5 billion worth of projects on its pipeline as planned.

Dubai-based Shaikhani Group has recently been honoured with the Best Residential Project - a prestigious industry recognition and part of the Construction Innovation Award, UAE, that took place at the Westin Mina Seyahi hotel on October 19.

Mahmood Shaikhani is the managing director of Dubai-based Shaikhani Group, a family business with trading units involved in property, contracting and building materials. The group was founded by his father, Abu Baker Shaikhani in 1978, and Mr Shaikhani took over the reins of the company in 2004. Originally from Pakistan, the 38-year-old has lived in the UAE for 15 years and is married with three children, a daughter, 13, and two sons, eight and three.

Expo 2020 will be another milestone for the brand image of Dubai as the global player among the top cities in the world. Expo 2020 will attract investments amounting to $ 30 billion, which is massive for UAE.

Expo 2020 will be another milestone for the brand image of Dubai as the global player among the top cities in the world. Expo 2020 will attract investments amounting to $ 30 billion, which is massive for UAE.

“The appointment of Mr. Gammon will help Shaikhani Group to pursue its expansion initiatives and realise its vision for 2025. His undisputed expertise in the real estate sector will help us firmly maintain our position as one of Dubai’s leading real estate institutions.”

Shaikhani Group has the feel of a company about to enter a new era.Several years after surviving the last vestiges of fallout from the property market crash, the multi-billion dollar conglomerate is embarking on a new range of property projects that it says will keep it busy until 2025, and beyond.

Shaikhani Group, the company behind projects worth AED3.5 billion ($950 million) that are in various stages of development in Dubai, has said it secured AED30 million worth of sales during the Cityscape Global exhibition.

After completing his bachelor's in business management from London in 2001, Mahmood Abubaker Shaikhani, then in his mid-20s, was expecting to run the show at his father's rubber insulation factory in Ajman, UAE.

As Dubai begins its preparation to host Expo 2020, the Shaikhani Group of Companies has unveiled its 2025 development plan that aims to roll out at least four new projects in the coming year and more thereafter.

Here's a developer that aims to ride on the Expo 2020 wave in Dubai, and then some. The Shaikhani Group of Companies, formerly called the Memon Group, recently announced a nine-year development plan which will see it deploy Dh2 billion in projects located in and around the Expo 2020 site in Dubai

The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of months, according to an industry specialist.

The market witnessed slow activity during the second quarter of the year and specially during Ramadan, but growth in house prices is expected after Eid holidays, Memon Investments managing director Mahmood Shaikhani told Khaleej Times during an interview.

Memon Investments has five towers under construction in Dubai Sports City (DSC) — four Champions Towers and the Frankfurt Sports Tower. Launched between 2007 and 2008, the projects hit a roadblock during the financial downturn, as did many others in the emirate. But since last year, construction work has moved on to the fast lane.

Memon Investments has five towers under construction in Dubai Sports City (DSC) — four Champions Towers and the Frankfurt Sports Tower. Launched between 2007 and 2008, the projects hit a roadblock during the financial downturn, as did many others in the emirate. But since last year, construction work has moved on to the fast lane.

Oman's Duqm Development program, which has been touted as the country's largest economic initiative, is being forecasted to drive in increased activity for Oman's construction segment. The multi-billion dollar industrial, tourism and urban scheme is anchored by a world-class port and dry dock complex and has been conceived as a dynamo of economic growth to fuel the Oman's long-term prosperity.

Leading company receives '5 Star Award' for its Central Business District projects and Champions Tower III
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Shaikhani Group, has won three major awards during this year's edition of the 'Arabian Property Awards 2011,' one of the world's most prestigious real estate competitions, which was held recently on November 17, 2011 at the Burj Al Arab Hotel in Dubai.

Memon Investments, a leading Dubai-based property developer and part of the business conglomerate Shaikhani Group, will concentrate on completing all of its projects and delivery to owners starting 2012.

Leading company receives '5 Star Award' for its Central Business District projects and Champions Tower III
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Shaikhani Group, has won three major awards during this year's edition of the 'Arabian Property Awards 2011,' one of the world's most prestigious real estate competitions, which was held recently on November 17, 2011 at the Burj Al Arab Hotel in Dubai.

The new firm will provide services like design and concept, construction and project management, value engineering and turnkey interior designing solution and property management for the GCC region in general and the UAE in particular.